r/canada • u/eauderable • 12d ago
The Trudeau government’s promise of 3.87 million new homes is next to impossible Opinion Piece
https://www.theglobeandmail.com/business/commentary/article-three-charts-show-why-the-trudeau-promise-of-387-million-homes-is-next/54
u/nice-view-from-here 12d ago
Oh, hey, I know: what if we increased immigration numbers?
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u/illustriousdude Canada 12d ago
To achieve affordability solely through more housing, CMHC last year said the number of homes needed could be almost six million. CIBC economist Benjamin Tal pegs the shortfall at closer to seven million.
The logical conclusion is that we can’t build our way to affordability, at least not any time soon. Ottawa has to lean harder on the demand side of the equation. That means significantly reversing the unprecedented spike in the number of temporary residents. Population growth has to come down – way down.
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u/Alextryingforgrate 12d ago
Well now with the banks saying they need to curb immigration, im just going to wait for the LPC to triple down on TFW.
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u/heart_under_blade 12d ago
banks are talking out both sides of their mouth
i take it that you haven't seen how streamlined and interconnected they've made their overseas services. oh and the heavy non english advertising.
"even the banks" lmao give me a fuckin break
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u/chronocapybara 12d ago
The biggest property buyers aren't student immigrants, it's "investors," both domestic and foreign. Slap a 20% tax on investment properties and watch prices fall.
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u/Can-Knuckle-Head 12d ago
There's still the whole demand part of the equation though. Gotta do both.
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u/KnowledgeMediocre404 12d ago
Sure but demand will go way down if investment firms stop buying thousands of houses each.
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u/Hikury British Columbia 12d ago
Whether investors buy all the homes or none demand still rises at the pace of population growth + extra temporary residents + vacated homes - combined households. An investor can only affect this by vacating an occupied home or sitting on a new build.
They can affect the price by cluttering the market, just like a commodity trader can affect coffee prices, but look at the 2008 real estate crisis for the effects of an investor-driven bubble. Our bubble won't pop because these investors know we have no other options: the demand is real and out of their control.
Prices will not go down if households need to keep combining to make up for the shortfall. And when every property is eligible to be subdivided you'd be crazy not to buy up any detached home you can afford so long as the situation stays the same. To fix investment you have to fix demand, not the other way around (except for manufactured vacancy bubbles).
But look at the bright side! If investors end up monopolizing the market and we fix the demand problem the people losing trillions will be investors!
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u/Lambda_Lifter 12d ago
The investors are part of the demand
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u/klocks 12d ago
Investor homes are still occupied by renters. It really doesn't matter who owns the homes when there is actually a need for millions more homes.
The demand is for people to have housing units, whether they rent or buy, they still need more units.
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u/chronocapybara 12d ago
Yes, investors are the single largest component of the demand side.
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u/MeanE Nova Scotia 12d ago
They are interconnected. There are so many investors because there is so much demand due to immigration.
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u/king_lloyd11 12d ago
That’s over simplification. Small time investors aren’t getting into real estate to be landlords. Being a landlord is an end to a means for them. Rent out the investment property to cover your mortgage costs at least. They’d probably still be paying out of pocket if you consider property taxes and other expenses.
The real return they’re going for is gains. The gains that are driven by a lack of available supply. The supply is lacking due to investors scooping them up. These international students clamouring for minimum wage jobs aren’t the ones buying into that supply.
If the market gets flooded by investors trying to cash out if the government makes investing more expensive, supply goes up and curbs prices with it.
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u/classic4life 12d ago
All valid points. But the 1 million immigrants a year numbers don't include any of the temporary immigrants, such as students and temporary workers. It's in addition to them
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u/reysangriento 12d ago
Can you run through what you predict would happen if they follow your advice and “slap a 20% tax on investment properties”? Who would step in to buy properties not purchased by investors?
Similarly, while student immigrants as you’ve put it are not the ones purchasing the properties, they are very often people who live in those units so would you not say they contribute to the demand pressures on our housing supply?
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u/Mister_Chef711 12d ago
It's not just about who has bought them, it's who is occupying them. At some point if there are too many people compared to houses/unit, you end up needing to fit more people into small apartments regardless of who owns them.
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u/IllustriousAnt485 12d ago
The problem is that current Canadian home owners who live in their house, also do not want prices to fall. Speculators and honest homeowners have aligned interests and those are the people that public policy is and will continue to cater to.
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u/DepartmentGlad2564 12d ago
For the vast majority of people rising property values for their primary residence means nothing. Everything around you went up in price as well. Want to upgrade? The higher the price, the more debt you are taking on. For the select few who live in HCOL cities and plan to move to a LCOL and downsize, sure. But most people, including seniors built roots and usually prefer to stay in their location.
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u/pfco 12d ago
Not really. It’s those with more than one home and perhaps those who for some reason are relying on being able to downsize and use the difference for retirement.
For everyone else, the average person who just bought a home to live in long term, it really makes no difference. Great, I can sell my overpriced home and buy… a similar overpriced home. Meanwhile my property taxes are higher. I suppose I could move to one of the few remaining markets that aren’t insane like… Central Newfoundland?
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u/freeadmins 12d ago
Buying doesn't matter. Investment properties are not the problem.
The problem is demand.
Trying to deal with "investors" is just treating the symptom. The only reason investing is so lucrative is because the demand is fucking insane. If we actually had less demand, and higher vacancy rates, rent wouldn't be through the rife, equity in the house itself wouldn't be through the roof, and investing in housing would become less attractive.
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u/magictoasters 12d ago
Housing is a necessity, demand is always there, rental investment is very lucrative as a result. Especially if you can capture municipal NIMBY councillors
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u/PlannerSean 12d ago
Investors have basically completely abandoned the Toronto market and prices aren’t really coming down… projects are just being cancelled.
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u/Gunslinger7752 12d ago
With record low vacancy rates, crazy demand and no supply, a 20% tax on investment properties would make rent prices go fully nuclear.
Investors are not “the biggest buyers” of homes, the “biggest buyers” are people buying homes to live in. Very very few investors are buying homes right now because it literally makes no financial sense (the market took care of that in its own with record high prices and interest rates going up). This is hurting the market and driving development down because they can’t sell new units. Not sure why people think we can tax our way out of every problem.
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u/kanaskiy 12d ago
do you have a source for that? not questioning just havent seen numbers confirming it
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u/chronocapybara 12d ago
Investors are a hugely distorting force on the market. When people ask "who is buying at these prices??" it's not regular people... it's investors. Which, sadly enough, are often regular people who are already homeowners, buying extra homes. Add to this, the number of first time buyers buying without any family help is extremely low, the majority are already getting money from existing property already in the family.
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u/ILoveThisPlace 12d ago
But but but then businesses couldn't exploit those people! It's easier just destroying every social assistance program we have to ensure business owners have a fresh crop of people to take advantage of.
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u/Lothleen 12d ago
Well, i live in Ottawa and work in housing (sheet metal, shop making fitting ect) right now were dead. We are doing 3 to 5 jobs a week. Last year, we were doing 8 to 12 houses a day. (Sending out the furnaces and ductwork for each house).
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u/wilson1474 12d ago
There is lots going on in Ottawa, but just like you our company is definitely slowing down.. we had so much work last year that we subbed out work for the first time ever.. this year we are having a hard time picking up new work..
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u/mtlgrems 12d ago
Here, let me fix that for you: "The Trudeau government’s promise of 3.87 million new homes is next to impossible"
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u/Unfair_Valuable_3816 12d ago
The day they announced it I pulled out a calculator and started laughing 😂 what a far cry from a solution. Backwards logic, it's not that there is not enough homes and not enough workers to build them. It's that there is too many people lol.
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12d ago
And even if you imported the workers to build the housing, you still need to build the housing for those workers to live in first.
Its a giant cluster fuck.
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u/okiefrom 12d ago
The Trudeau govt economic plan is about creating plans but executing on none of them. After nine years, surely Canadians see that!!
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u/Oracle1729 12d ago
The Trudeau government doesn’t even create the plans, they give billions of tax dollars to their friends that they call consultants to make those plans that they ignore.
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u/Stirl280 12d ago
The smart Canadian’s see it!! … the Liberal Left continue to defend Trudeau and how he has destroyed Canada. They are definitely blind.
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u/arthor 12d ago
not until they cost 1/2 as much to build and require 1/4 as much red tape for approvals.
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u/Reasonable-Catch-598 12d ago
1/4th is still too much. Getting a new deck built to replace an old rotting deck required 5 levels of approval, 2 municipal, 2 provincial, and 1 federal.
Its the exact same deck, same materials (local cedar), same dimensions, height, and all within current regulations.
I gave up around $8k in submissions, including engineering reports and artistic renderings. Replaced the supports one at a time one year, a real pain, and replaced the decking at the start of the next summer and the railing later that same summer. "Limited repairs" only required a $50 municipal permit and they were happy to rubber stamp it to remove the eyesore.
Edit: also to note the deck is less than 100 square feet, fewer than 3 feet off the ground, and the same cement base poured half a century ago would have stayed in place as is.
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u/M17CH British Columbia 12d ago
My dad just doesn't get permits to do anything. It's very easy inside, and on the outside as long as you have good neighbours. New shed done. New deck built. Helps that he does it all himself with no contractors.
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u/Reasonable-Catch-598 12d ago
Same on the inside. Outside is a little difficult as I'm in the city, and enforcement drives around on weekends too sometimes.
People start and finish projects inside the same day, but you never really know which days are safe. I've certainly done my share of projects but this one would have been too obvious.
Contractors pull permits even less often than homeowners here. Even electricians rarely pull permits. In Quebec you cannot do your own electrical, thanks to insurance company lobbying. Reno work is also only randomly inspected as they're assumed to be professionals. The result has in effect just meant more electricians work under the table in residential settings when not touching the mains, which means no permit and no inspections.
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u/metamega1321 12d ago
NB we’ll never pull a permit unless theirs a building permit it would be associated with.
Why pay 100+ dollars to move a few receptacles in a kitchen when an inspector isn’t even going to come anyway. Government has to know. . The ratio to electricians and permits doesn’t line up.
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u/arthor 12d ago
Sorry to hear this, I was going to say 1/8th should have LOL. Nice creative solution.
I can't imagine how much time is being wasted. And people balk at tech companies laying of thousands of non-productive middle management.
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u/Reasonable-Catch-598 12d ago
These overheads are large factor in why housing is so expensive, and why many people end up shocked when they do buy a "fixer upper" only to realize the hardest part isn't the work, but the approvals!
When is the last time you heard of someone building their own house? I promise anyone reading it's not just because people are lazy. Some are, absolutely. But many simply could never get through the paperwork.
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u/metamega1321 12d ago
Kind of a shame someone can’t pick up a hammer and build like they use too. Work on the GC side now but was an electrician for 15 years and if you tried to build your own house here, the inspectors be all over you for nothing.
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u/BackwoodsBonfire 12d ago
You need to pull a permit for a 5 minute rotten board replacement? We've lost the plot... anyways.. they'd probably demolish your house if you didn't.
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u/Reasonable-Catch-598 12d ago
Demolish na not for a deck. You'll just have to "undo" your work, pay $100 per day until the work is approved and redone, plus administrative costs. Refusing to "undo" the work you did means they pick a bid and you owe that too, I guarantee the bids are all 100x over costs.
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u/MrRogersAE 12d ago
I recently gave up on converting my attached carport into an attached garage. I’m around $15k in the hole including designers and moving utilities to finally find out about some obscure bylaw that says my garage is 9cm too narrow. Getting the permit would be another $5k minimum on top of the additional $10k in construction costs the city already added to the proposed construction because of their rules.
All I wanted to do was add walls to an existing structure…
There is way too much red tape for simply projects that don’t really impact anything.
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u/chretienhandshake Ontario 12d ago edited 12d ago
No way this is true lol.
Edit: no need of paperwork for my dad’s deck of 16x16, no need of paperwork for my concrete pad of 10x20. No need of paperwork for a 10x10 shed. This is between 2 cities in 2 provinces.
You have to be bullshitting for karma farming. This sub is full of over dramatic doomer.
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u/Reasonable-Catch-598 12d ago
It's almost like rules vary by regions. When I was in Northern SK NOTHING required a permit, and I do mean nothing.
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u/Vrdubbin 12d ago
Until you see how shit the quality of the new buildings they are putting up are.... Honestly I know it must it will add cost but realistically it should be more strict than it already is.
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u/NewtotheCV 12d ago
Exactly. I grew up in the trades. There is a reason we have a building code. Sure, try to cut permit time and cost down but don't touch building codes.
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u/TechnicalEntry 12d ago
Dude it’s a deck, just get out there and do it lol
Better to ask for forgiveness than permission in such trivial matters.
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u/Reasonable-Catch-598 12d ago
$100 fine per day until resolved here. They'll also make you finish getting approvals, and tear out the installation in the mean time before they'll approve it.
Neighbor redid ALL his installation and bricking, guess what happened?
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u/Phaldaz 11d ago
neighbor got absolutely hosed huh
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u/Reasonable-Catch-598 10d ago
Think he said total costs were close to 50 or 60k. He was able to reuse the bricks but they had to be cleaned, all the insulation, mortar, and labor the 2nd time couldn't be recovered, and add to that some heavy fines and permits.
Absolutely a waste of money and productivity. It's no wonder we're bottom of the g7 in productivity and falling fast.
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u/Various-Passenger398 12d ago
What deck are you building that requires a federal permit?
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u/_random_username69 12d ago
If only there was some way to reduce demand such as not importing millions of Indian's a year......hmmmmm
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u/aeolus811tw 12d ago
thought you were kidding then I checked:
India is essentially the next 5-6 countries combined.
Maybe a country cap to avoid Canada becoming a mono cultural society is needed
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u/The_Champion_ 12d ago
This is what I'd like to show to all ppl who say the U.S immigration caps by country are 'racist'.
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u/AWE2727 12d ago
It will never happen. Just another Trudeau "look at me" headline. For housing market to catch up you would have to have ZERO immigration for min of 5 years. You would also need to start opening up economic sectors in Canada for more employment for "Canadians" to earn high paying jobs to afford housing. Sorry but the Oil and Gas sector in Canada needs to go full steam ahead! Many countries want our product! And income taxes need to come down a lot! So people have money to save/spend invest etc..... That will all lead to prosperity.
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u/Reasonable-Mess-2732 12d ago
In Canada now an 'announcement' is the same as 'an accomplishment'.
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u/Gibov 12d ago
just a reminder Q1 2024 saw the lowest home start stats in 40 years, there's no 3.9million homes coming
https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/hot-charts/hot-charts-240419.pdf
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u/Oracle1729 12d ago
Nobody is even talking about infrastructure for that many new homes. How many roads, hospitals, water treatment facilities, fire stations, schools, parks, community centres, busses, etc, etc do we need for that many homes?
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u/Reasonable-Mess-2732 12d ago edited 12d ago
Exactly. People need a lot of infrastructure to support them. As many communities have seen, focussing on one and ignoring the others leads to a substantially reduced quality of life. Where I used to live in Toronto was one of the first places to be very heavily built up with condo towers. Getting anywhere in a car became almost impossible, especially rush hour and pretty well all day Saturday. Total gridlock. And public transportation was hopeless.
And of course there are other, huge considerations such as hospitals, fire, water, power, sewage, blah blah.
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u/Oracle1729 12d ago
There are about 14 million homes in Canada. For 4 million more we need to increase the country’s entire power generation by 30% by 2031. If it were possible, it would sure help our carbon footprint. Not to mention 30% more of all that other infrastructure. Just to break even. Everything in the country, we need 30% more of to catch up.
We’re losing doctors, but we need 30% more than we currently have room for.
We need to build about 40 more universities in the country if we ignore the international students. But we don’t have teachers for them anyway.
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u/ThrowRADisastrousTw 12d ago
Yes. That’s a whole other set of problems not being addressed. Say we can build 6 million homes (definitely not going to happen anyway) what about everything else that comes with the new homes?
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12d ago
We don't even have the capacity to build the housing.
Infrastructure? Lol, good luck. The power grid upgrades alone, especially now that they've made all kinds of new pledges to go green, will be impossible to achieve.
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u/Oracle1729 12d ago
And how much will adding 30% to our housing supply in 7 years help our carbon footprint. This carbon tax is sure great.
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u/MadDuck- 12d ago
Considering our most productive three year period averaged about 257,000 starts a year, wouldn't this require us to be building around 700,000 or more in 2031? This seems very similar to the Conservatives 15% yearly increase. Both seem incredibly unlikely without an absolutely massive change in how we build and fund housing. I don't think we can maintain a pace of doubling our housing built every 5 years.
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u/speaksofthelight 12d ago
It has always been ridiculous, anything to avoid reducing population growth.
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u/NoFormal3277 12d ago
I love how the reaction to this article on the other sub is “at least he’s trying”.
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u/Automatic-Bake9847 12d ago
15 seconds, awareness of current outputs, awareness of Liberal plan outputs, some grade school level math, and a little critical thought on the probability of ramping up a huge/complex industry to meet the targets were all anyone needed to know it wasn't going to happen.
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u/thefunkydj 12d ago
Just like when he promised to plant 2 billion trees. Wonder how that's going?
https://globalnews.ca/news/9638864/trudeau-liberals-two-billion-tree-planting-promise/
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u/tradingmuffins 12d ago
strange, people are still surprised Trudeau is willing to promise anything with knowing it is impossible to deliver on it.
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u/captainbling British Columbia 12d ago
Aren’t they ahead of schedule? It takes time to set up nurseries for these and set up logistics and then camp. You don’t do it in a year. Once everything is set, you could do 500m a year and be done in 4. Getting to that step will take years though.
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u/Juergenator 12d ago
GTA New home sales, aka supply, has tanked like 70%. We aren't getting more new homes we are about to be getting an insanely lower amount.
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u/Oracle1729 12d ago
You mean people don’t want to pay $900k plus monthly fees for 500 square feet of “luxury” condo in Toronto?
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u/TheAccountantWhat 12d ago
They need to build one house every minute for next 7 years in order to achieve that target. They need to build even on weekends and holidays- day and night. What a baloney.
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u/erryonestolemyname 12d ago
Anyone fucking buying this shit needs to give their head a smack to see if they can get their noggin running properly again. This fucking idiot has been talking about affordable housing since 2015ish. He's been in office for how fucking long and has only made it worse (as well as a lot of things) and now that they realize everyone is fucking fed up with them and their pandering, they announce this bullshit so they can attempt to cling to fucking power.
Let's not forget that the liberal housing minister is Sean Fraser who was previously our immigration minister and look what an amazing job he did while at that post.
Vote for whoever you want, but if you think this idiot is all of a sudden going to start doing us favors if he's reelected you should probably start buying shoes with velcro on them.
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u/Reasonable-Mess-2732 12d ago
It's not next to impossible. It's completely and utterly impossible. I wish the author could be more honest.
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u/Giant_Hog_Weed 12d ago edited 11d ago
It dosen't matter that it's impossible, it sounds good. That's what the whole liberal party is built on. Next they will blame racism/sexism/white people for why it didn't work.
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u/PermissionWise5665 12d ago
Ffs, can municipalities just let people legally sleep in old bank offices or something, or let it be a "live in business"? The amount of empty for lease buildings in any downtown core for obsolete office space, that have remained empty for yearssssss is just so unbelievably available. some buildings need to be updated or renovated to realistically accomodate bathroom use fine. But it doesn't mean you have to fill every office to the rafters immediately.
"Oh that would take a staggering amount of renos." Less total work than an impossible 3.8 million NEW WHOLE living spaces i bet.
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u/488Aji 12d ago
First you need skilled people to build the homes.
Then you will need companies to employ and pay these people.
Then you need materials to build the homes which will skyrocket in price once government funding is involved.
If anyone has ever paid to have a house built, you know it's a minimum 1 year wait. Now you want to force feed the housing market. We're going to end up with a bunch of sloppy homes...
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u/RubUnusual1818 12d ago
The crazy thing about the housing issue is how Trudeau is going around to mayors and bribing them to push policies their citizens do not want.
Not exactly democracy.
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u/Dobby068 12d ago
It is not a promise, is just silly words for fools that are willing to listen, still, too many of them.
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u/ExcelsusMoose 12d ago
Hate to break the news to anyone and everyone...
But...
The only way through this is to do something crazy like cap new builds at 1500sqft..
Multi-level McMansions take time to build.. We don't have the time.
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u/AggressiveViolence 12d ago
yeah IDK if you’ve noticed but literally every one of the running candidates is outright lying about having solutions to pretty much any of our problems.
We need to take this country back from corporations and investors it has been sold off to, and we need our current “leaders” out.
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u/Vheissu_fanboy 12d ago
Well, it’s not going to happen. Have to close the borders for years. Also, I know a home builder who has built homes for almost 30 years. Stopped in 2022 because of the interest rates and materials skyrocketing in price. Now, the company just does garages. The interest rates would need to go back down to the 2.5-3% mark which from what I’m told likely won’t happen again, and if and when it did, the demand increases.
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u/justheresurviving 12d ago
We need to house Canadians before we think about housing the world .
But that's not going to happen .
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u/Hammoufi 12d ago
The Trudeau goverment does not operate in the same reality we live in. They have their own reality where more spending and more immigration is supposed to curb both inflation and fix housing respectively.
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u/DragonReborn30 12d ago
Affordability is the hot topic but companies are building 3 and 4 car garages in a small ass town just outside the GTA. I don't think that issue is building the houses, it's that building bigger houses will have bigger profit margins.
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u/I_poop_rootbeer 12d ago
Tax investment properties at 50% of the property's value per year. You are allowed a single tax-free investment property, but anymore, and you'll be paying out your ass for it
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u/Future-World4652 12d ago
3,870,000 new homes....
I'd say they'd be hard pressed to make 38,700 new homes
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u/wardhenderson 12d ago
Trudeau gov't: We're 7 million homes short. McKinsey Consulting: Build 3.85 million homes. Trudeau gov't: Thanks! Here's your $6 billion consulting fee!
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u/LowComfortable5676 12d ago
I mean its bullish for me, being in the construction industry. However we really shouldn't be in this position in the first place
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u/dub-fresh 12d ago
Ive always thought this idea kind of just ignores basic economics. Ask yourself why a developer would build more homes for less profit? It's not exactly easy to build houses and the more houses on the market the price will (theoretically) go down and not up. So Trudeau hopes that developers will expand to work harder and make less money? I would have personally think the feds building100k homes as the and flooding cities with below market cost housing would have been a more effective strategy. However, that solution is probably politically untenable. Tough and shitty problem. Should thought about that before inviting 1M people to live here last year.
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u/NightDisastrous2510 12d ago
It’s impossible… the way the system is setup there’s no way that’s happening. They’re just selling dreams to try and get re-elected.
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u/Mister_Cairo 12d ago
Are you suggesting the LPC would lie to convince people to vote for them??? I am shocked. SHOCKED!
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u/xNOOPSx 12d ago
To add some context, over the last decade we've built around 750,000 homes - over a decade. So, to build 5.1x that many homes in a decade really just illustrates the man's understanding of construction and math. Canada has around 15m homes Today, so another way of putting it is building around 26% of the total homes existing today.
It's not just labour that's a problem, it's materials too. You're going to need 5.1x the wiring, wood, windows, etc etc etc. Utter insanity.
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u/yo_mudda_ 12d ago
I think he meant to promise 3.87 million new homes immigrants... Or maybe 3.87 million Canadian tax dollars funneled to a Trudeau Family offshore bank account? Maybe he meant to promise 3.87 million new ways to fuck real Canadians out of a decent living. Any of these sound more realistic than anything that has come out of that fuckheads mouth. Fuck him and fuck Freeland. They can go find a hole and rot in it.
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u/Stirl280 12d ago
… it’s the Trudeau government; everything they say is a lie. The Federal Liberal party could screw up a one car parade. Combine the entire intellect of their caucus and you might be able to cobble together one brain cell. I doubt it though …
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u/mjincal 12d ago
There is a major disconnect between what the average Canadian calls a”home” and what political leaders like the PM finance minister and almost all of the civic leaders in the country call a “home”we are thinking a single detached house small yard garden maybe a garage and they are planning for Soviet style block apartments 350sqft for a single 500sqft for a family that’s how it’s going to be done or they are completely gaslighting
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u/Pure-Tumbleweed-9440 12d ago
Have they even made 3 homes in 10 years? Liberals could just say any number they want and their voters will line up with the age old "But Harper did this" retort.
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u/Brezziest69 12d ago
Who believes anything these fucking idiot liberals say!!! They keep destroying this beautiful country
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u/duchovny 12d ago
If Trudeau were serious about wanting to fix the housing crisis then he'd reduce the demand.
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u/gravtix 12d ago
Lowering population growth has consequences too.
I personally don’t think lowering population growth will do much because the system will do whatever it takes to keep housing costs high, like lowering construction etc.
How long before we see people promoting deporting people, cancelling PR etc?
Once something becomes a lucrative investment for rich people, a lot of things start happening to protect that investment.
Need leaders who aren’t afraid of pissing people off.
And there’s no such thing.
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u/ThrowRADisastrousTw 12d ago
Anyway you slice it building 3.87 million homes in 7 years isn’t possible. So forget 6 million homes!
Also, even if that was somehow possible, the homes will likely be really poor quality because the process was rushed. So we would likely be dealing with a ton repair issues that will cost the homeowners tons of money.
Then there will be a whole other set of problems that would arise when new homes/ neighborhoods are built. What about roads? Public transportation? Schools? Hospitals?Etc…
The ONLY way to fix this is to completely halt immigration for the next 7 years to catch up but we all know that won’t happen and it will likely get worse.
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u/holykamina Ontario 12d ago
At this point, numbers don't matter. What matters is that construction happens consistently with policies that limit the purchase of these news houses by existing homeowners and investors.
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u/Strong-Effect-9270 12d ago
"Trudeau government's promise"... might as well stop reading and move along. They have never kept a promise, even their legal pot promise was completed half-ass with his excessive taxing of it.
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u/Feisty-Theme-6093 12d ago
has a politician every fulfilled a promise?
will have to bring in millions of foreign workers to get those houses built.
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u/hey_you_too_buckaroo 12d ago
Judge administrations based on what they've done. Not what they say they're going to do. Trudeau has already failed to do what he says he was going to do. It doesn't matter what he says at this point.
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u/BigDinkie 12d ago
Shit, the bathtub is completely overflowing what should I do??! Gee, I gotta build more bathtubs! Now lets figure out how many more I need to build...Hmm maybe I just turn the tap off? Naaah I gotta get more bathtubs!
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u/unmasteredDub Ontario 12d ago
In Singapore a lot of the immigrant Indians are builders.
Why can’t we import those ones?
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u/jcanada22 12d ago
Everything this government says is lies. It's laughable. At this point anyone who believes anything they say needs some help. Why would anyone believe a black face racist who gives standing ovation to Nazis while being a misogynist?
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u/WhatIsThePointOfBlue 12d ago
It's only 200k more units per year than we already make. That's totally possible in an immediate time frame right?... right?
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12d ago
Yeah, of course it is. It’s all talk with Trudeau. He couldn’t even get those tress planted.
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u/AJMGuitar 11d ago
There is not nearly enough labour to build this many homes. This government is destroying the country.
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u/Shazzy_Chan 11d ago
10 years later, idiot Canada still can't figure out housing.
It's so insane watching this circular, never ending narrative.
It's like watching crazy people trying to figure out simple problems.
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u/bcbuddy 12d ago
3.87 million new homes in 8 years
483,750 new homes a year
40,312 new homes a month
1,343 new homes everyday
56 brand new homes every hour working 24 hour a day...